Despite having speaking poor English when he arrived in the United States, he managed to get degrees in computer science and economics from UC Berkeley. The CEO married Masami Ohno, the daughter of a prominent Japanese doctor, while they were both students at UC Berkeley, The Seoul Times reported. Son was born in 1957 to Korean immigrants on the Japanese island of Kyushu. Fast Company's Katrina Booker called Son "the most powerful person in Silicon Valley" for his ambitious vision — and financial means — to transform industries from real estate to food to transportation through his investments in artificial intelligence and machine learning. SoftBank owns stakes in more than 1,000 companies, including Tesla, Amazon, Netflix, Alibaba. He owns $45 million worth of real estate in Tokyo as well as a $117.5 million estate in Silicon Valley. Son is married with two children but keeps his family life private. "This fund will only invest in companies led by founders and entrepreneurs of color.". Son owns millions of dollars worth of property in Tokyo, where SoftBank is headquartered. Son bought the Woodside, California, property in 2012 from private equity investor Tully Friedman, according to Forbes. On an earnings call in May, Son talked about how the coronavirus has created a valley — the "Valley of Coronavirus" as he called it — that some companies will fall into, but other "unicorn" companies will be able to fly out of and succeed, as Business Insider's Bryan Pietsch reported. The SoftBank CEO has also publicly met with President Donald Trump on a few separate occasions, including at Trump Tower in New York a month after Trump was elected. Through SoftBank and his $100 billion Vision Fund. Son bought the Woodside, California, property in 2012 from private equity investor Tully Friedman, according to Forbes. Saudi Arabia's Public Investment Fund is the SoftBank Vision Fund's largest backer, having contributed $45 billion of the fund's $100 billion bankroll. When the dotcom bubble swelled in 2000, he had a net worth of an estimated $76 billion. The market cap of SoftBank fell from $180 billion to just $2.5 billion. Yanai sat on SoftBank's board of directors until he stepped down in December 2019. SoftBank owns stakes in more than 1,000 companies, including Alibaba and Yahoo Japan, according to Bloomberg. Brown, The History of and Story Behind The Grateful Dead Logo. 1) Son is the founder and the CEO of SoftBank, a Japanese telecommunications conglomerate. "He has the Force with him.". All rights reserved.For reprint rights. That makes him the third-richest person in Japan after Uniqlo founder Tadashi Yanai, who's worth $31.8 billion, and Keyence founder Takemitsu Takizaki, who's worth $23.9 billion. Which Managed Futures ETF is Right for You? Due to a drop in the worldwide commodities market, this businessman’s net worth dropped dramatically from $35.5 billion to under $200 million in less than a year. SoftBank-backed companies including Oyo, Uber, Zume, and WeWork have laid off more than 8,000 people since January in total. Taizo Son is an entrepreneur who has founded companies including GungHo Online Entertainment and Movida Japan. "Saudi Arabia's presence in Silicon Valley is greater than it's ever been," Alexei Oreskovic recently reported for Business Insider. And in 2013, he spent $326 million on Tokyo's landmark Tiffany Building in the Ginza luxury shopping district. "But we will keep working hard to survive.". Son's younger brother, Taizo Son, is also a billionaire. Softbank was the biggest investor in WeWork, losing more than $4.7 billion after the coworking company's failed IPO. kwarren@businessinsider.com (Katie Warren,Taylor Nicole Rogers), I Can't Believe This Social Security Bonus Was So Easy, Americans Are Obsessed With New Blanket That Puts You To Sleep In Minutes, 23 New Gadgets That Will Sell Out Before the Holidays, © Bandar Algaloud / Saudi Kingdom Council / Handout/Anadolu Agency/Getty Images, © Matthew Fearn - PA Images/PA Images via Getty Images, © Alessandro Di Ciommo/NurPhoto via Getty Images. Did You Know That a Cadillac El Camino Exists? Masayoshi Son is the founder and CEO of Japanese holding company SoftBank. He's a very well respected businessman in Japan and as well as the currently 2nd richest man in Japan he has a net worth of $14 Billions (Oct 2015). Most of Son's wealth comes from his 27% stake in Softbank, which makes him the largest shareholder, per Bloomberg. But we can't just talk — we have to put money behind it, set plans, and hold ourselves accountable," Claure wrote in an email to employees. The Journal later reported that Son has been having trouble raising money for this new fund, a claim SoftBank disputes, as Business Insider's Paige Leskin reported. The couple reportedly has two daughters together, but little information about the family can be found online. The SoftBank CEO owns about $45 million worth of residential property in Tokyo, according to Bloomberg. But Son may not be taking home any of his salary. To most people, this is a staggering amount of money to lose and it is easy to assume that this is the most money anyone has ever lost in the world. Times Syndication Service. SoftBank confirmed that Apple, Foxconn, and others will invest in the fund, as well as Microsoft for the first time, Business Insider's Shona Gosh reported. "Various investors from around the world are telling us they definitely want to participate in Vision Fund 2. In May, Son said on an earnings call that he felt "foolish" for investing $18.5 billion into WeWork. Son himself made just under $2 million. 3) The entrepreneur then started his own business renting cheap imported versions of Space Invaders to laundromats. I got two apple boxes, and I stood up on them in the morning as if I was giving a speech. That makes him the second-richest person in Japan after Uniqlo founder Tadashi Yanai, who's worth an estimated $29.6 billion. 10 Things You Didn’t Know About Masayoshi Son, 10 of the Most Clever Stock Ticker Symbols of 2016, How Virtual Reality Game Entropia Universe Plans To Create 3 Million Jobs, How Online Ticket Brokers are Scamming Millions of Dollars Using Bots, 10 Potential Scenarios For Life at the New DreamWorks Animation Studios, Steven Rothberg Shares The Secret to CollegeRecruiter.com’s Business Longevity, Dissecting the Multi Billion Dollar Business of Televangelism, How Virtual Reality Game Entropia Universe Plans …, How Online Ticket Brokers are Scamming Millions …, Steven Rothberg Shares The Secret to CollegeRecruiter.com’s …, The History of and Story Behind the New Balance Logo, The History of and Story Behind the NYU Logo, 10 Things You Didn’t Know About Paul J. Through its Vision Fund, SoftBank has invested in major companies like Uber, WeWork, food-delivery startup DoorDash, and Indian e-commerce retailer Flipkart. SoftBank is now Japan’s third largest Internet company and Son has a personal net worth of $22 million as he owns 22% of the company. The Five Best Tag Heuer Diamond Watches Money Can Buy, Why You Should Consider Getting a Used Tag Heuer Watch, How Dua Lipa Achieved a Net Worth of $16 Million, How Blac Chyna Achieved a Net Worth of $4.3 Million, How Ree Drummond Achieved a Net Worth of $50 Million, How Russell Simmons Achieved a Net Worth of $340 Million. "When it comes to diversity, SoftBank absolutely has to do better as an employer, investor, and partner. In early 2019, Fast Company's Katrina Booker called Son "the most powerful person in Silicon Valley" for his ambitious vision — and financial means — to transform industries from real estate to food to transportation through his investments in artificial intelligence and machine learning.

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